Funding arb · Price arb /

NEAR

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.019%

Price spread now: GRVT against Extended+0.635%7-day average +0.067% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs+$13as in the Price arb table

costs, in and out, $10k−$430.435% of the position

Long on Extended Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.001%$0 on $10k

Price spread, last 7 days−0.544%−$54 · spread now +0.635%, 7d avg +0.067%

Together, before fees−0.543%+ Points / potential airdropExtended: Active · GRVT: Active · farm board−$54 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: GRVT is 0.568% dearer against Extended than usual: you sell high and buy low, +$57 on $10k if it goes back to its 7-day average of +0.067%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended NEAR-USD	4.3185	0.0104	pay 0.0013% / 1h	9m 27s	$3.8M	$17.3M	25x
Short	GRVT NEAR_USDT_Perp	4.3459	0.0100	get 0.0100% / 8h	7h 09m	$1.4M	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT against Extended. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ExtendedbpFee GRVTbpOrdersPrice spread, now +0.635%Rate

Funding earned: −$0.84
Price spread: +0.635% → +0.067%: $56.84
Slippage, 4 orders: −$29.47
Fee Extended: 2.5 bp × 2 orders: −$5
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $12.53
Costs to cover: 0.435%
Break-even: from the start

Slippage from Extended: live order book, 5 min ago; GRVT: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Extended live order book, 5 min ago	2.53 bp	5.7 bp −$6	9.9 bp −$99	doesn't fit	doesn't fit
Sell GRVT live order book, 4 min ago	3.45 bp	14.7 bp −$15	33.8 bp −$338	doesn't fit	doesn't fit

NEAR on 45 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Reya NEARRUSDPERP	−0.0171%	1h	4.3278	+0.214%	$2K	—	20x	as long as short
Kraken Futures PF_NEARUSD	−0.0130%	1h	4.3128	−0.131%	$7.9M	$38.0M	50x	as long as short
Coinbase International NEAR-PERP-INTX	−0.0096%	1h	4.3396	+0.488%	$2.3M	$13.0M	50x	as long as short
Phemex NEARUSDT	−0.0037%	8h	4.3090	−0.220%	$3.8M	$8.4M	50x	as long as short
dYdX NEAR-USD	0.0000%	1h	4.3138	−0.109%	$112K	$64K	10x	as long as short
Kalshi KXNEARPERP	0.0000%	8h	4.3164	−0.049%	$345K	$18.7M	2.2x	as long as short
gTrade (Gains Network) NEAR/USD	L +0.0004% / S −0.0004%	1h	4.3303	+0.274%	$205K	—	150x	as long as short
Variational Omni NEAR	+0.0010%	8h	4.3248	+0.145%	$8.2M	$18.9M	—	as long as short
01 Exchange NEARUSD	+0.0032%	1h	4.3271	+0.199%	$13K	$7K	10x	as long as short
Injective NEAR/USDC PERP	+0.0033%	1h	4.1410	−4.111%	$578	$302K	12x	as long as short

Show all 45 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Popdex NEARUSDT	+0.0096%	1h	4.3300	+0.266%	$115K	$474K	50x	as long as short
Orderly PERP_NEAR_USDC	+0.0098%	8h	4.3319	+0.310%	$57K	$162K	20x	as long as short
Paradex NEAR-USD-PERP	+0.0100%	8h	4.3170	−0.036%	$31K	$608	10x	as long as short
Aster NEARUSDT	+0.0100%	8h	4.3204	+0.043%	$3.0M	$5.8M	50x	as long as short
Pacifica NEAR	+0.0100%	1h	4.3132	−0.123%	$401K	$1.2M	10x	as long as short
Binance NEARUSDT	+0.0100%	8h	4.3320	+0.312%	$258.6M	$1.05B	75x	as long as short
Bybit NEARUSDT	+0.0100%	8h	4.3288	+0.238%	$219.0M	$414.8M	75x	as long as short
OKX NEAR-USDT-SWAP	+0.0100%	8h	4.3280	+0.220%	$61.1M	$278.6M	50x	as long as short
Arcus NEAR-USD	+0.0100%	1h	4.3250	+0.150%	$205K	$1.7M	10x	as long as short
Bulk NEAR-USD	+0.0100%	1h	4.3083	−0.236%	$245K	−$0	10x	as long as short
Gate NEAR_USDT	+0.0100%	8h	4.3292	+0.247%	$31.1M	$60.9M	75x	as long as short
MEXC NEAR_USDT	+0.0100%	8h	4.3300	+0.266%	$75.9M	$141.8M	200x	as long as short
KuCoin NEARUSDTM	+0.0100%	8h	4.3310	+0.289%	$56.2M	$42.6M	75x	as long as short
Bitget NEARUSDT	+0.0100%	8h	4.3293	+0.250%	$72.1M	$122.3M	75x	as long as short
BingX NEAR-USDT	+0.0100%	8h	4.3310	+0.289%	—	$141.9M	—	as long as short
edgeX NEARUSDC	+0.0100%	4h	4.3305	+0.277%	$258K	$1.1M	20x	as long as short
GRVT NEAR_USDT_Perpshort	+0.0100%	8h	4.3459	+0.635%	$1.4M	$1.3M	10x
ApeX Omni NEARUSDT	+0.0100%	1h	4.3340	+0.359%	$181K	$775K	50x	as long as short
Polymarket Perps NEAR-USD	+0.0100%	1h	4.3316	+0.303%	$198K	$3.4M	10x	as long as short
SunX NEAR-USDT	+0.0100%	8h	4.3180	−0.012%	$1K	$1.4M	20x	as long as short
SoDEX NEAR-USD	+0.0100%	1h	4.3090	−0.220%	$5K	$51K	10x	as long as short
HTX NEAR-USDT	+0.0100%	8h	4.3180	−0.012%	$455K	$3.7M	75x	as long as short
Extended NEAR-USDlong	+0.0104%	1h	4.3185	long leg	$3.8M	$17.3M	25x
Aevo NEAR-PERP	+0.0104%	1h	4.3108	−0.178%	$201K	$31K	3x	as long as short
Deribit NEAR_USDC-PERPETUAL	+0.0214%	1h	4.3134	−0.118%	$1.9M	$3.8M	25x	as long as short
BloFin NEAR-USDT	+0.0220%	8h	4.3230	+0.104%	$12.9M	$27.7M	75x	as long as short
GMX NEAR/USD [ETH-USDC]	L +0.0375% / S −0.0307%	1h	4.3100	−0.198%	$275K	—	100x	as long as short
Hyperliquid NEAR	+0.0393%	1h	4.3373	+0.435%	$368.1M	$300.8M	10x	as long as short
Nado NEAR-PERP	+0.0426%	1h	4.3285	+0.231%	$1.9M	$3.1M	10x	as long as short
RISEx NEAR/USDC	+0.0428%	1h	4.3305	+0.278%	$404K	$1.2M	10x	as long as short
Lighter RH NEAR	+0.0472%	1h	4.3202	+0.039%	$1.6M	$7.0M	10x	as long as short
Backpack NEAR_USDC_PERP	+0.0482%	1h	4.3143	−0.098%	$1.3M	$5.9M	20x	as long as short
Phoenix NEAR	+0.0499%	1h	4.3638	+1.049%	$1.8M	$2.7M	10x	as long as short
Aftermath Perps NEARUSD	+0.1495%	1h	4.3313	+0.295%	$5K	$12K	10x	as long as short
Lighter NEAR	+0.1784%	1h	4.3240	+0.127%	$17.3M	$24.7M	15x	as long as short